REG-Polymetal International plc Polymetal: Vesting of the 2017 performance share plan awards
23/04/2021 07:05
============
Polymetal International plc (POLY)
Polymetal: Vesting of the 2017 performance share plan awards
23-Apr-2021 / 09:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Release IMMEDIATE
time LSE, MOEX, AIX: POLY / ADR: AUCOY
Date 23 April 2021
Polymetal International plc
Vesting of the 2017 performance share plan awards
Polymetal announces that 2017 share awards under the Company's Performance
Share Plan ("PSP"), part of the Company's Long-Term Incentive Plan, have
vested.
During the four-year performance period ending 19 April 2021 for the PSP
awards made in 2017, Polymetal achieved a positive absolute Total
Shareholder Return ("TSR") of 105.0% and outperformed a median TSR of
25.4% of the FTSE Gold Mines Index constituents. As a result, Polymetal
ranked 6th by TSR out of 45 index participants.
Accordingly, the 2017 performance share awards have vested with 103.0% of
the total awards being granted, which includes 86.9% vesting percentage
based on the TSR performance and additional share awards for the dividend
equivalent paid during the 4-year performance period.
1,575,196 ordinary shares were issued and distributed to 259 participants
of the PSP on 21 and 22 April 2021, representing 0.33% of the Company's
increased share capital. The newly issued shares have a market value of
US$34.7 million, based on the closing price as of 20 April 2021.
"2020 was an exceptional year with massive challenges requiring
outstanding performance to stay on track. Polymetal is proud to reward 259
employees whose dedication and competence drove sector-leading shareholder
returns", said Vitaly Nesis, Group CEO of Polymetal.
Performance Share Plan
Under the PSP, awards are released following a four-year performance
period (with an additional mandatory holding period of one year following
vesting), subject to certain performance measures being met. The vesting
of awards is based on the Company's TSR measured against the TSR of the
FTSE Gold Mines Index constituents, as well as the Company's absolute TSR
over the same performance period. The vesting conditions were set as
follows:
• 0% vests for below median performance;
• 20% vests at median performance;
• 100% vests at top decile performance and above; and
• Straight line vesting in between median and top decile.
• No award vests if an absolute TSR is negative even if performance is
above median.
No consideration is payable for the vesting of the awards by the
beneficiaries. In certain cases of Good Leaver Circumstances, the award
will usually vest as normal in accordance with the terms of the award.
Alternatively, the Board may determine that the award will vest
immediately. For more details on the PSP, please see Polymetal's 2020
Annual Report and Accounts available on the Company's website at
1 www.polymetalinternational.com. Further to the 2017 award vesting,
shares transferred to the Group CEO and Persons Discharging Managerial
Responsibilities ("PDMRs") are presented in the table below:
Additional Shares Total shareholding
Number of share awards granted of employee
Name Position shares for dividend under following vesting of
vested equivalents 2017 PSP 2017 award
award
Vitaly Nesis Director 41,059 7,605 48,664 3,387,400
Vitaly PDMR 14,739 2,730 17,469 93,207
Savchenko
Sergey PDMR 11,608 2,150 13,758 87,763
Trushin
Roman PDMR 11,609 2,150 13,759 76,349
Shestakov
Pavel PDMR 13,687 2,535 16,222 114,022
Danilin
Igor Kapshuk PDMR 9,354 1,733 11,087 72,561
Valery PDMR 13,644 2,527 16,171 291,632
Tsyplakov
Maxim PDMR 13,515 2,503 16,018 75,349
Nazimok
Further to the 2017 award vesting, outstanding awards under the PSP are:
Outstanding 2017 PSP Total number of
Name Position awards under awards outstanding awards under
2017-2021 PSP release the PSP
Vitaly Nesis Director 219,225 47,249 171,976
Vitaly PDMR 96,960 16,961 79,999
Savchenko
Sergey Trushin PDMR 77,456 13,358 64,098
Roman PDMR 76,670 13,359 63,311
Shestakov
Pavel Danilin PDMR 79,096 15,750 63,346
Igor Kapshuk PDMR 61,449 10,765 50,684
Valery PDMR 79,012 15,701 63,311
Tsyplakov
Maxim Nazimok PDMR 78,898 15,552 63,346
Applications have been submitted to the London Stock Exchange and UKLA on
the official list and awarded shares are expected to be admitted to
trading on the London Stock Exchange on 27 April 2021. The total issued
share capital of the Company will comprise 473,556,152 ordinary shares of
no par value, each carrying one vote.
About Polymetal
Polymetal International plc (together with its subsidiaries - "Polymetal",
the "Company", or the "Group") is a top-10 global gold producer and top-5
global silver producer with assets in Russia and Kazakhstan. The Company
combines strong growth with a robust dividend yield.
Enquiries
Media Investor Relations
Polymetal
2 ir@polymetalinternational.com
FTI Consulting Evgeny
+44 20 Monakhov +44 20 7887 1475 (UK)
Leonid Fink 3727
1000 Timofey
Viktor Pomichal Kulakov
+7 812 334 3666 (Russia)
Kirill
Kuznetsov
Joint Corporate Brokers
+44 20
Morgan Stanley & Co. 7425
International plc 8000
Andrew Foster RBC Europe
Limited
Richard Brown
Marcus +44 20 7653 4000
Panmure Gordon Jackson
Daniel Norman Jamil Miah
John Prior +44 20
7886
2500
Forward-looking statements
This release may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements speak only
as at the date of this release. These forward-looking statements can be
identified by the use of forward-looking terminology, including the words
"targets", "believes", "expects", "aims", "intends", "will", "may",
"anticipates", "would", "could" or "should" or similar expressions or, in
each case their negative or other variations or by discussion of
strategies, plans, objectives, goals, future events or intentions. These
forward-looking statements all include matters that are not historical
facts. By their nature, such forward-looking statements involve known and
unknown risks, uncertainties and other important factors beyond the
company's control that could cause the actual results, performance or
achievements of the company to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. Such forward-looking statements are based on
numerous assumptions regarding the company's present and future business
strategies and the environment in which the company will operate in the
future. Forward-looking statements are not guarantees of future
performance. There are many factors that could cause the company's actual
results, performance or achievements to differ materially from those
expressed in such forward-looking statements. The company expressly
disclaims any obligation or undertaking to disseminate any updates or
revisions to any forward-looking statements contained herein to reflect
any change in the company's expectations with regard thereto or any change
in events, conditions or circumstances on which any such statements are
based.
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
23 April 2021
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Vitaly Nesis
2 Reason for the notification
a) Position/status
Director
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2017 PSP 0.00 48,664 0.00
information award
2017 PSP awards 0.00 47,249 0.00
release
e) Date of the
transaction 21 April 2021
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
23 April 2021
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Vitaly Savchenko
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2017 PSP 0.00 17,469 0.00
information award
2017 PSP awards 0.00 16,961 0.00
release
e) Date of the
transaction 21 April 2021
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
23 April 2021
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Sergey Trushin
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2017 PSP 0.00 13,758 0.00
information award
2017 PSP awards 0.00 13,358 0.00
release
e) Date of the
transaction 21 April 2021
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
23 April 2021
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Roman Shestakov
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2017 PSP 0.00 13,759 0.00
information award
2017 PSP awards 0.00 13,359 0.00
release
e) Date of the
transaction 21 April 2021
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
23 April 2021
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Pavel Danilin
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2017 PSP 0.00 16,222 0.00
information award
2017 PSP awards 0.00 15,750 0.00
release
e) Date of the
transaction 21 April 2021
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
23 April 2021
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Igor Kapshuk
2 Reason for the notification
a) Position/status PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2017 PSP 0.00 11,087 0.00
information award
2017 PSP awards 0.00 10,765 0.00
release
e) Date of the
transaction 23 April 2021
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
23 April 2021
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Valery Tsyplakov
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2017 PSP 0.00 16,171 0.00
information award
2017 PSP awards 0.00 15,701 0.00
release
e) Date of the
transaction 21 April 2021
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
23 April 2021
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Maxim Nazimok
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2017 PSP 0.00 16,018 0.00
information award
2017 PSP awards 0.00 15,552 0.00
release
e) Date of the
transaction 21 April 2021
f) Place of the
transaction London Stock Exchange / Outside a trading venue
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ISIN: JE00B6T5S470
Category Code: DSH
TIDM: POLY
LEI Code: 213800JKJ5HJWYS4GR61
Sequence No.: 100622
EQS News ID: 1187884
End of Announcement EQS News Service
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References
Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=3b19145caf20682f6ca00262a735d794&application_id=1187884&site_id=refinitiv2&application_name=news
2. mailto:ir@polymetalinternational.com
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